Meeting Details

The 38th Annual General Meeting of Timex Group India Limited was held on Thursday, August 20, 2026 at 4:00 PM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting concluded at 6:20 PM IST.

Attendance Statistics

  • Total number of shareholders on record date: 72,185
  • Shareholders attended through Video Conferencing: 117 (1 Promoter and Promoter Group, 116 Public)
  • No physical meeting or proxy arrangement was made as the AGM was held through VC/OAVM

Business Transacted

The meeting transacted all business items mentioned in the Notice dated May 26, 2026:

1. Resolution No. 1: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, and the Report of the Board of Directors and Auditors thereon - Ordinary Resolution

2. Resolution No. 2: To appoint a Director in place of Mr. David Thomas Payne (DIN: 07504820), who retires by rotation and being eligible, offers himself for appointment - Ordinary Resolution

3. Resolution No. 3: To confirm payment of dividend on Preference shares of the Company - Ordinary Resolution

4. Resolution No. 4: To declare dividend on Preference shares of the Company - Ordinary Resolution

Voting Process Details

  • Cut-off date for determining voting eligibility: August 13, 2026
  • Remote e-voting period: August 16, 2026 (09:00 AM IST) to August 19, 2026 (05:00 PM IST)
  • E-voting facility provided through National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Neelesh Kumar Jain (FCS No. 5593), Proprietor, M/s NKJ & Associates, Company Secretaries
  • Members present at AGM who hadn't voted earlier could cast votes during the meeting

Voting Results

Resolution No. 1 - Adoption of Financial Statements

  • Total shares voted: 53,879,291 out of 100,950,000 (53.37% participation)
  • Votes in favor: 53,878,989 (99.99% of votes cast)
  • Votes against: 302 (0.01% of votes cast)
  • Promoter group: 51,484,500 shares voted 100% in favor
  • Public institutions: 2,293,964 shares voted 100% in favor
  • Public non-institutions: 100,827 shares voted 99.70% in favor, 0.30% against

Resolution No. 2 - Reappointment of David Thomas Payne

  • Total shares voted: 53,879,291 (53.37% participation)
  • Votes in favor: 53,872,348 (99.98% of votes cast)
  • Votes against: 6,943 (0.02% of votes cast)
  • Promoter group: 51,484,500 shares voted 100% in favor
  • Public institutions: 2,293,964 shares voted 100% in favor
  • Public non-institutions: 100,827 shares voted 93.11% in favor, 6.89% against

Resolution No. 3 - Confirm Payment of Preference Dividend

  • Total shares voted: 53,879,291 (53.37% participation)
  • Votes in favor: 53,868,663 (99.98% of votes cast)
  • Votes against: 10,628 (0.02% of votes cast)
  • Promoter group: 51,484,500 shares voted 100% in favor
  • Public institutions: 2,293,964 shares voted 100% in favor
  • Public non-institutions: 100,827 shares voted 89.46% in favor, 10.54% against

Resolution No. 4 - Declare Dividend on Preference Shares

  • Total shares voted: 53,879,291 (53.37% participation)
  • Votes in favor: 53,868,663 (99.98% of votes cast)
  • Votes against: 10,628 (0.02% of votes cast)
  • Promoter group: 51,484,500 shares voted 100% in favor
  • Public institutions: 2,293,964 shares voted 100% in favor
  • Public non-institutions: 100,827 shares voted 89.46% in favor, 10.54% against

Additional Documents Submitted

  • Summary of proceedings (Annexure I)
  • Voting results (Annexure II)
  • Report of Scrutinizer dated August 20, 2026 (Annexure III)

Company Leadership Present

All Directors and Key Managerial Personnel attended virtually, including:

  • Mr. David Thomas Payne, Chairman
  • Ms. Meeta Makhan, Independent Director & Chairperson of the Audit Committee
  • Ms. Dhanashree Ajit Bhat, Independent Director & Chairperson of the Stakeholders Relationship Committee
  • Mr. Sanjeev Kumar, Independent Director & Chairman of the Nomination and Remuneration Committee
  • Mr. Marco Zambianchi, Non-Executive Director
  • Mr. Deepak Chhabra, Managing Director
  • Mr. Amit Jain, Chief Financial Officer
  • Mr. Dhiraj Kumar Maggo, VP - Legal, HR & Company Secretary

Representatives of Statutory Auditors and Secretarial Auditors were also present. There were no qualifications, observations or adverse remarks in the Statutory Auditor's Report and Secretarial Auditor's Report.

Share Capital Structure

Total outstanding shares: 100,950,000

  • Promoter and Promoter Group: 51,484,500 shares
  • Public Institutions: 4,384,118 shares
  • Public Non-Institutions: 45,081,382 shares